GRIFFAIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0980%/8h= +107.3% APRnext payment +$4.90 per $10,000 · paid last 24h +0.216%

Price spread now: BingX against Bybit−0.130%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1731.734% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.684%+$68 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.130%, 7d avg +0.020%

Together, before fees+0.824%+$82 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.150% cheaper against Bybit than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of +0.020%). If the spread goes back, that is −$15 on $10k: about 12 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.684% in total) that is about 37 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.684% in total (about 35.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRIFFAINUSDT	0.01541	0.0100	pay 0.0050% / 4h	2h 06m	$740K	$405K	25x
Short	BingX GRIFFAIN-USDT	0.01539	0.1080	get 0.0540% / 4h	2h 06m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $205.8
Price spread: −0.130% → +0.020%: −$15.02
Slippage, 4 orders: −$152.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: $17.39
Costs to cover: 1.734%
Break-even: 6.4 days

Slippage from Bybit: live order book, 59 min ago; BingX: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 59 min ago	5.74 bp	70.0 bp −$70	1665.5 bp −$16.7K	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	8.43 bp	37.6 bp −$38	227.2 bp −$2,272	646.2 bp −$64.6K	1065.4 bp −$532.7K

GRIFFAIN on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya GRIFFAINRUSDPERP	0.0000%	1h	0.01177	−23.606%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01541	0.000%	$1.2M	$99K	3x	as long as short
Bybit GRIFFAINUSDTlong	+0.0100%	4h	0.01541	long leg	$740K	$405K	25x
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01540	−0.084%	$424K	$84K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01532	−0.571%	$486K	$49K	20x	as long as short
Bitget GRIFFAINUSDT	+0.0782%	4h	0.01539	−0.117%	$382K	$270K	10x	as long as short
BingX GRIFFAIN-USDTshort	+0.1080%	4h	0.01539	−0.130%	—	$6.6M	—
Binance GRIFFAINUSDT	+0.1117%	4h	0.01539	−0.117%	$4.1M	$1.7M	20x	as long as short
MEXC GRIFFAIN_USDT	+0.1120%	4h	0.01541	+0.013%	$293K	$114K	100x	as long as short
Aster GRIFFAINUSDT	+0.1241%	4h	0.01536	−0.304%	$15K	$31K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_GRIFFAINUSD	+1.4762%	1h	0.01549	+0.529%	$17K	$24K	10x	as long as short